IMMO TIHANGE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMMO TIHANGE
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+103%), from €1.2m to €2.4m
- Cash -€188,808
down €188,808 (-89.5%), from €210,992 to €22,184
mainly Investment in fixed assets (net) (-€1.3m) and Debts after one year (-€68,212)
- Other debts +€1.0m
up €1.0m (+312%), from €335,000 to €1.4m
- Trade debts +€134,112
up €134,112 (+33,033%), from €406 to €134,518
- Debts after one year -€68,212
down €68,212 (-6.5%), from €1.0m to €976,653
- Profit (loss) carried forward -€55,421
down €55,421 (-190%), from -€29,130 to -€84,552
- Gross operating margin +€63,195
up €63,195 (+241%), from €26,239 to €89,434
- Financial charges +€43,424
up €43,424 (+208%), from €20,828 to €64,252
- Depreciation +€22,798
up €22,798 (+55.8%), from €40,889 to €63,687
- Other operating charges +€7,390
up €7,390 (+71.7%), from €10,307 to €17,697
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,426,929 | €2,482,189 | +€1.1m | +74.0% |
| Fixed assets | 21/28 | €1,200,511 | €2,437,729 | +€1.2m | +103% |
| Tangible fixed assets | 22/27 | €1,200,511 | €2,437,729 | +€1.2m | +103% |
| Land and buildings | 22 | €1,200,511 | €2,437,729 | +€1.2m | +103% |
| Current assets | 29/58 | €226,418 | €44,460 | -€181,958 | -80.4% |
| Amounts receivable within one year | 40/41 | €12,496 | €13,277 | +€781 | +6.2% |
| Other amounts receivable | 41 | €12,496 | €13,277 | +€781 | +6.2% |
| Cash at bank and in hand | 54/58 | €210,992 | €22,184 | -€188,808 | -89.5% |
| Deferred charges and accrued income | 490/1 | €2,929 | €8,999 | +€6,070 | +207% |
| Total equity and liabilities | 10/49 | €1,426,929 | €2,482,189 | +€1.1m | +74.0% |
| Equity | 10/15 | -€27,130 | -€82,552 | -€55,421 | -204% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,130 | -€84,552 | -€55,421 | -190% |
| Amounts payable | 17/49 | €1,454,059 | €2,564,740 | +€1.1m | +76.4% |
| Amounts payable after more than one year | 17 | €1,044,865 | €976,653 | -€68,212 | -6.5% |
| Financial debts | 170/4 | €1,044,865 | €976,653 | -€68,212 | -6.5% |
| Amounts payable within one year | 42/48 | €408,884 | €1,583,049 | +€1.2m | +287% |
| Current portion of amounts payable after more than one year | 42 | €73,478 | €69,856 | -€3,622 | -4.9% |
| Trade debts | 44 | €406 | €134,518 | +€134,112 | +33,033% |
| Suppliers | 440/4 | €406 | €134,518 | +€134,112 | +33,033% |
| Other amounts payable | 47/48 | €335,000 | €1,378,675 | +€1.0m | +312% |
| Accrued charges and deferred income | 492/3 | €310 | €5,038 | +€4,728 | +1,524% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,889 | €63,687 | +€22,798 | +55.8% |
| Other operating charges | 640/8 | €10,307 | €17,697 | +€7,390 | +71.7% |
| Gross operating margin | 9900 | €26,239 | €89,434 | +€63,195 | +241% |
| Operating profit (loss) | 9901 | -€24,957 | €8,050 | +€33,007 | |
| Financial income | 75/76B | €529 | €781 | +€252 | +47.6% |
| Recurring financial income | 75 | €529 | €781 | +€252 | +47.6% |
| Financial charges | 65/66B | €20,828 | €64,252 | +€43,424 | +208% |
| Recurring financial charges | 65 | €20,828 | €64,252 | +€43,424 | +208% |
| Profit (loss) for the period before taxes | 9903 | -€45,256 | -€55,421 | -€10,165 | -22.5% |
| Profit (loss) for the period | 9904 | -€45,256 | -€55,421 | -€10,165 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,256 | -€55,421 | -€10,165 | -22.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.